Process of Working
Processes of Interaction among G20 members
Since 2011 G20 Leaders’ Summit is being held on an annual basis. In the Leaders’ Summit, final reports and documents containing recommendations of the various working groups under the Finance track, Sherpa’s track and Ministerials are submitted to the Leaders. Based on these recommendations,the Leaders come up with a Declaration or Communique that highlights the progress made in the G20 work in the past year, the G20 deliverables in the following year and the strategies and action plans to achieve these deliverables. Thus, the final outcome of the G20 processes is the Leaders’ “Declaration” or “Communique”.The Leaders Declaration is drafted by the Sherpas based on the inputs given by the Finance Track, Sherpas Track and the Ministerial Meetings.
The Finance Track provides inputs on economic and financial issues.The Finance Ministers (FMs) and Central Bank Governors(CBGs) meet twice a year and also during the IMF-World Bank Spring and Annual Meetings. The FMs and CBGs come up with a “Communique” in which they indicate the progress made and the future course of action and strategies. The Finance Deputies meet quite a few times and prior to the Finance Ministers and Central Bank Governors’ meeting to deliberate on the issues and finalizing the draft communique.
Joint meetings of the Finance Ministers and Ministers of other Ministerials who work on specific given themes are held once for each Ministerials. The Ministerial meeting on that theme is held prior to the Joint meeting with the Finance Ministers. A Communique is issued at the end of Ministerial meeting.
Sherpas meetings are held quite a few times in the year. Sherpas also have joint meetings with the Finance Deputies. The Sherpas’ Track provides inputs on political non-financial issues such as agriculture; anti-corruption; development; employment; energy; green growth etc.Post-2008, the G20 realized that financial stability was just a single factor and that the recovery and growth of the world economy was incomplete without considering the issues of development, food security, employment, social security, global trade, and the fight against corruption. The Sherpas Track of G20 was formulated to deliberate on such issues. The Sherpas have been tasked by their Leaders to negotiate the Summits documents on their behalf.They are involved in scheduling and negotiations in the preparatory processes throughout the year and work on coordinating the agenda and seeking a consensus at the top political level.
The Working Groups and Task forces under the two tracks and the Ministerials have two or three face-to-face meetings during the course of their work and based on the requirements. To finalise their reports, these working groups and task forces continuously interact electronically through mails and teleconferences. The working group meetings and teleconferences are mostly hosted by the G20 member countries which co-chair these groups and task forces.
Process of Agenda setting
The objectives of the G20 are:
- Policy coordination among its members in order to achieve global economic stability and sustainable growth;
- To promote financial regulations that reduce risks and prevent future financial crises; and
- To create a new international financial architecture.
These objectives are pursued through common agenda that are continued and followed up over years. In addition, each year, the G20 Presidency has the privilege to decide its priorities within these broad objectives. The priorities are announced by the Presidency after assuming the Chair. These priorities then shape focus in G20 meetings in the year.
Process of Maintaining the G20 website
The Chairing country’ssecretariat that coordinates the G20 meetings during a given tenure typically posts details of the meetings and work programme on the G20’s website. The hosting of the website keeps rotating along with the Chair.